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CFDCs bolster job growth.


Community Futures Development Corporations have become a permanent fixture in Northern Ontario's foreseeable future, says the manager of CFDC CFDC Community Futures Development Corporation (Nelson, BC, Canada)
CFDC Canadian Film Development Corporation
CFDC Clean Fuels Development Coalition
CFDC Continuous Flow Diffusion Chamber
CFDC Community Futures Development Centre
 program delivery for northeastern Ontario Northeastern Ontario is the region within the Canadian province of Ontario which lies north and east of Lakes Superior and Huron.

Northeastern Ontario consists of Algoma District, Sudbury District, Cochrane District, Timiskaming District, Nipissing District, Manitoulin
.

The fact that the government chose to expand funding for Community Futures Development Corporations (CFDCs) across Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing.

Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it
 in the recent federal budget, while other programs were cut is evidence that the program is working for the North, Carmen Carmen

throws over lover for another. [Fr. Lit.: Carmen; Fr. Opera: Bizet, Carmen, Westerman, 189–190]

See : Faithlessness


Carmen

the cards repeatedly spell her death. [Fr.
 DeMarco says.

"It's quite a survivor," says DeMarco, who oversees FedNor's northeastern Ontario CFDCs. "It's one of the few programs that has survived through different governments over 15 years."

The development corporations are community-based, volunteer-run economic development corporations with mandates to help support business diversification. They are known for their provision of loans to businesses, as well as business development assistance. The CFDCs throughout the North are funded through Industry Canada Industry Canada is the department of the Government of Canada with responsibility for regional economic development, investment, and innovation/research and development. The department employs 6104 FTEs across Canada.  and FedNor.

In the fiscal year 2002-2003, Northern Ontario CFDCs assisted 411 businesses with financing, dispersed $19,400,097 in business loans and provided 359 businesses with assistance through the CFDC business counseling service. An estimated 957 jobs were created and/or maintained through the program. In the 2003-2004 fiscal year, ending March 2004, 440 businesses received financing, with a total of $18,285,532 in loans dispersed and 231 businesses received assistance through CFDC business counseling services. An estimated 674 jobs were created and/or maintained.

Over the past three years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 number of businesses in rural communities applying for CFDC funding has greatly increased, says DeMarco, with greater co-operation being noted among northern municipalities.

"Each community CFDC takes turns helping the others, so the assistance is well-balanced throughout the area," DeMarco notes.

www.ontcfdc.com

By JOSEPH QUESNEL

Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario.  
COPYRIGHT 2004 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:NEWS; Community Futures Development Corporations
Author:Quesnel, Joseph
Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1CONT
Date:Nov 1, 2004
Words:277
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